Filing Details
- Accession Number:
- 0001679788-22-000056
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-05-24 19:58:02
- Reporting Period:
- 2022-05-20
- Accepted Time:
- 2022-05-24 19:58:02
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1679788 | Coinbase Global Inc. | COIN | Finance Services (6199) | 464707224 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1851414 | Paul Grewal | C/O Coinbase Global, Inc. Not Applicable DE | Chief Legal Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2022-05-20 | 14,424 | $0.00 | 50,815 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2022-05-20 | 1,285 | $0.00 | 52,100 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2022-05-23 | 7,790 | $67.42 | 44,310 | No | 4 | F | Direct | |
| Class A Common Stock | Disposition | 2022-05-23 | 1,090 | $67.26 | 43,220 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Restricted Stock Units | Disposition | 2022-05-20 | 14,424 | $0.00 | 14,424 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Disposition | 2022-05-20 | 1,285 | $0.00 | 1,285 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 144,232 | No | 4 | M | Direct | ||
| 12,857 | No | 4 | M | Direct |
Footnotes
- Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- Includes 85 shares acquired on April 29, 2022, pursuant to the Issuer's 2021 Employee Stock Purchase Plan.
- Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 1, 2021, during an open trading window.
- Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- The RSUs vest with respect to 1/4th of the total shares underlying the award on November 20, 2021, and the remaining 3/4th of the shares underlying the award vest in equal quarterly installments thereafter until the award is fully vested on November 20, 2024, subject to the continued service of the Reporting Person to the Issuer on each vesting date.
- RSUs do not expire; they either vest or are canceled prior to vesting date.
- The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2022, until the award is fully vested on November 20, 2024, subject to the Reporting Person's continued service to the Issuer on each vesting date.
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